{"id":43221,"date":"2018-01-11T22:28:45","date_gmt":"2018-01-11T22:28:45","guid":{"rendered":"https:\/\/one.sightlinemg.com\/airforcetimes\/uncategorized\/2018\/01\/11\/can-ecstasy-treat-ptsd-a-bitcoin-philanthropist-is-willing-to-pay-millions-to-find-out\/"},"modified":"2026-08-08T02:58:33","modified_gmt":"2026-08-08T02:58:33","slug":"can-ecstasy-treat-ptsd-a-bitcoin-philanthropist-is-willing-to-pay-millions-to-find-out","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/airforcetimes\/news\/2018\/01\/11\/can-ecstasy-treat-ptsd-a-bitcoin-philanthropist-is-willing-to-pay-millions-to-find-out\/","title":{"rendered":"Can ecstasy treat PTSD? A Bitcoin philanthropist is willing to pay millions to find out"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Molly, ecstasy, MDMA, whatever you call it: the illegal psychedelic drug is one step closer to becoming a legally regulated treatment for post-traumatic stress disorder, thanks to a $4 million matching grant from the Pineapple Fund.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The donation will benefit the Multidisciplinary Association for Psychedelic Studies, or MAPS, a nonprofit research organization that will use the money for their third phase of clinical trials on MDMA-assisted psychotherapy. Phase 2 trials were conducted in the US, Canada, Israel, and Switzerland. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Pineapple Fund will match the next $4 million in donations MAPS receives before March 10. This follows a separate donation of $1 million from Pine in December 2017, recorded on both <a href=\"https:\/\/pineapplefund.org\/\" title=\"\" class=\"\" target=\"_blank\">Pineapple Fund\u2019s<\/a> and <a href=\"https:\/\/www.maps.org\/news\/update\" title=\"\" class=\"\" target=\"_blank\">MAPS\u2019s websites<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cPrescription MDMA could be a gift to this world from the bitcoin community,\u201d The Pineapple Fund wrote on <a href=\"https:\/\/www.reddit.com\/r\/Bitcoin\/comments\/7pg1rh\/4mil_will_fund_mdma_trials_for_ptsd_marked\/\" title=\"\" class=\"\" target=\"_blank\">Reddit<\/a>. \u201cThis is a scalable and financially sustainable structure that could kick start a renaissance in research into the therapeutic applications of many different psychedelics.\u201d<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/militarytimes\/veterans\/2017\/08\/30\/floatin-in-ecstasy-veterans-suffering-from-ptsd-may-soon-find-help-in-an-unlikely-source\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"157\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/mdma-bottle-fb1.png.png?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">Floatin\u2019 in ecstasy: Veterans suffering from PTSD may soon find help from an unlikely source<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">MDMA was recently designated by the U.S. Food and Drug Administration as a \u201cbreakthrough therapy\u201d for treatment of post-traumatic stress disorder.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">With the goal of donating $86 million worth of bitcoin to charity, the Pineapple Fund was started by an anonymous online benefactor who struck big after investing in bitcoin in its early days. Bitcoin, the first digital, decentralized currency, has been almost consistently spiraling up in value since its launch in 2008. Currently, <a href=\"https:\/\/charts.bitcoin.com\/\" title=\"\" class=\"\" target=\"_blank\">one bitcoin<\/a> is worth roughly $13,300.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Phase Three of MAPS\u2019 trials will cost approximately $25 million. If it succeeds, MDMA could be approved as early as 2021. The drug, labelled as a breakthrough therapy by the FDA last year, would only need to be administered a few times, as opposed to other drugs, like Zoloft and Paxil, which must be taken continuously, <a href=\"http:\/\/www.maps.org\/news\/bulletin\/articles\/410-bulletin-winter-2016\/6400-mdma-ptsd-2016\" title=\"\" class=\"\" target=\"_blank\">according to MAPS<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMany subjects reported deeply meaningful therapeutic experiences and ensuing improvements in their lives,\u201d researchers wrote in the <a href=\"http:\/\/www.maps.org\/research-archive\/mdma\/mithoefer_etal_2012_ltfu.pdf\" title=\"\" class=\"\" target=\"_blank\">original pilot study.<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As of Thursday, Pine has donated $20.1 million in bitcoin to 23 charities, according to their <a href=\"https:\/\/pineapplefund.org\/\" title=\"\" class=\"\" target=\"_blank\">website<\/a>, including Professional Transformation Sports Development, which treats veterans with PTSD through outdoor sporting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The anonymous online benefactor on Wednesday announced plans to donate $4 million to MDMA psychotherapy research that could treat post-traumatic stress disorder.<\/p>\n","protected":false},"author":7,"featured_media":78569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_canonical":"","_acf":"","_yoast_wpseo_primary_category":16,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_smg_distribution_targets":[]},"categories":[101,11,16,26,67],"tags":[],"coauthors":[1178],"class_list":["post-43221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-news-roundup","category-ebb","category-news","category-newsletters","category-your-air-force"],"acf":{"subheadline":"","legacy_arc_id":"WCO6T4EZMNCB3M3HZFTU7JX6P4","arc_canonical_url":"\/news\/2018\/01\/11\/can-ecstasy-treat-ptsd-a-bitcoin-philanthropist-is-willing-to-pay-millions-to-find-out\/","remove_feature_photo":false,"is_sponsored":false,"subtype":"","redirect_url":"","disable_inline_ads":false,"native_logo_pretext":"Presented By:"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v28.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Can ecstasy treat PTSD? A Bitcoin philanthropist is willing to pay millions to find out - Air Force TImes<\/title>\n<meta name=\"description\" content=\"The anonymous online benefactor on Wednesday announced plans to donate $4 million to MDMA psychotherapy research that could treat post-traumatic stress disorder.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/one.sightlinemg.com\/armytimes\/news\/2018\/01\/11\/can-ecstasy-treat-ptsd-a-bitcoin-philanthropist-is-willing-to-pay-millions-to-find-out\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can ecstasy treat PTSD? A Bitcoin philanthropist is willing to pay millions to find out\" \/>\n<meta property=\"og:description\" content=\"The anonymous online benefactor on Wednesday announced plans to donate $4 million to MDMA psychotherapy research that could treat post-traumatic stress disorder.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/one.sightlinemg.com\/airforcetimes\/news\/2018\/01\/11\/can-ecstasy-treat-ptsd-a-bitcoin-philanthropist-is-willing-to-pay-millions-to-find-out\/\" \/>\n<meta property=\"og:site_name\" content=\"Air Force TImes\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-11T22:28:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-08T02:58:33+00:00\" \/>\n<meta name=\"author\" content=\"Nicole Bauke\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nicole Bauke\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"Article\",\n\t            \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/airforcetimes\\\/news\\\/2018\\\/01\\\/11\\\/can-ecstasy-treat-ptsd-a-bitcoin-philanthropist-is-willing-to-pay-millions-to-find-out\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/airforcetimes\\\/news\\\/2018\\\/01\\\/11\\\/can-ecstasy-treat-ptsd-a-bitcoin-philanthropist-is-willing-to-pay-millions-to-find-out\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"migration\",\n\t                \"@id\": \"https:\\\/\\\/one.sightlinemg.com\\\/airforcetimes\\\/#\\\/schema\\\/person\\\/cc76c831bb37a926738c8391fca7a3b1\"\n\t            },\n\t            \"headline\": \"Can ecstasy treat PTSD? 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